Todays Report: Today, DUPONT CAPITAL MANAGEMENT Corp Buys New Position in HubSpot Inc. (HUBS)

Today, DUPONT CAPITAL MANAGEMENT Corp Buys New Position in HubSpot Inc. (HUBS)

DUPONT CAPITAL MANAGEMENT Corp purchased a new position in shares of HubSpot Inc. (NYSE:HUBS) during the third quarter, Holdings Channel reports. The firm purchased 7,386 shares of the company’s stock, valued at approximately $426,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Jennison Associates LLC bought a new stake in HubSpot during the second quarter valued at about $7,868,000. Emerald Acquisition Ltd. bought a new stake in HubSpot during the second quarter valued at about $795,000. Swiss National Bank raised its stake in HubSpot by 38.4% in the second quarter. Swiss National Bank now owns 37,100 shares of the company’s stock valued at $1,611,000 after buying an additional 10,300 shares during the last quarter. California State Teachers Retirement System raised its stake in HubSpot by 51.7% in the second quarter. California State Teachers Retirement System now owns 60,529 shares of the company’s stock valued at $2,628,000 after buying an additional 20,631 shares during the last quarter. Finally, Kornitzer Capital Management Inc. KS raised its stake in HubSpot by 51.0% in the second quarter. Kornitzer Capital Management Inc. KS now owns 196,105 shares of the company’s stock valued at $8,515,000 after buying an additional 66,200 shares during the last quarter. 86.99% of the stock is owned by institutional investors.

Shares of HubSpot Inc. (NYSE:HUBS) traded up 0.09% on Friday, hitting $57.75. The stock had a trading volume of 109,397 shares. HubSpot Inc. has a 12-month low of $27.00 and a 12-month high of $60.11. The stock has a 50 day moving average of $54.49 and a 200 day moving average of $52.44. The firm’s market cap is $2.06 billion.

HubSpot (NYSE:HUBS) last released its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.08. HubSpot had a negative return on equity of 34.53% and a negative net margin of 16.95%. The company had revenue of $70.60 million for the quarter, compared to analysts’ expectations of $67.93 million. During the same period in the prior year, the firm earned ($0.27) earnings per share. The firm’s revenue was up 48.0% compared to the same quarter last year. Equities analysts predict that HubSpot Inc. will post ($0.44) earnings per share for the current fiscal year.

Several research firms have recently issued reports on HUBS. Vetr lowered HubSpot from a “strong-buy” rating to a “buy” rating and set a $61.00 price objective for the company. in a research note on Monday, August 8th. Zacks Investment Research raised HubSpot from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research note on Tuesday, August 9th. RBC Capital Markets reiterated an “outperform” rating and issued a $70.00 price target (up from $62.00) on shares of HubSpot in a report on Sunday, October 2nd. DA Davidson assumed coverage on HubSpot in a report on Tuesday, October 4th. They issued a “buy” rating and a $76.00 price target on the stock. Finally, Goldman Sachs Group Inc. assumed coverage on HubSpot in a report on Tuesday, October 4th. They issued a “neutral” rating and a $57.00 price target on the stock. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $62.65.

In other HubSpot news, insider Hunter Madeley sold 800 shares of the company’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $51.00, for a total transaction of $40,800.00. Following the transaction, the insider now directly owns 109,326 shares in the company, valued at $5,575,626. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Halligan sold 20,000 shares of the company’s stock in a transaction on Tuesday, October 4th. The stock was sold at an average price of $57.16, for a total value of $1,143,200.00. Following the transaction, the chief executive officer now owns 784,154 shares in the company, valued at $44,822,242.64. The disclosure for this sale can be found here. Company insiders own 18.50% of the company’s stock.

About HubSpot

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications, which include social media, search engine optimization (SEO), blogging, Website content management, marketing automation, e-mail, customer relationship management (CRM), analytics and reporting.

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